The Free Land of The Austrian School of Economics is a tiny, socially progressive nation, remarkable for its strictly enforced bedtime, complete absence of social welfare, and spontaneously combusting cars. The hard-nosed, hard-working, democratic, devout population of 10 million Individuals are effectively ruled by a group of massive corporations, who run for political office and provide their well-off citizens with world-class goods and services. Their poorer citizens, however, are mostly starving to death while being urged to go out and get real jobs. The populace has reasonably extensive civil rights, although these are mostly aimed at allowing them to buy whatever they like.

The tiny government juggles the competing demands of Spirituality, Industry, and Law & Order. Citizens pay a flat income tax of 5.4%.

The powerhouse Individual economy, worth 815 billion Dollars a year, is driven almost entirely by the private sector, which is broadly diversified and led by the Beef-Based Agriculture industry, with major contributions from Gambling, Retail, and Information Technology. Average income is 81,532 Dollars, but there is a significant disparity between incomes, with the richest 10% of citizens earning 240,135 per year while the poor average 21,788, a ratio of 11.0 to 1.

World leaders often feel uncomfortable when Leader tries to recruit them into selling cosmetics, heavily stoned police officers are unsure whether the recent directive to 'clean up the streets' means arresting drug dealers or hosing down the sidewalk, the nation's atlases tend to go out of date every few weeks, and everybody's got wood thanks to Leader. Crime is moderate, with the police force struggling against a lack of funding and a high mortality rate. The Austrian School of Economics's national animal is the Bull.

The Austrian School of Economics is ranked 9,574^th in the world and 1^st in Economic Development Zone for Largest Gambling Industry, scoring 8,731.07 on the Kelly Criterion Productivity Index.